Vendor managed inventory (VMI)

Vendor managed inventory (VMI),

Definition of Vendor managed inventory (VMI):

  1. Stock repayment agreement in which the supplier monitors the customer's stock with his employees or obtains information about the customer's stock. The supplier then automatically replenishes the stock without the customer's order. See also Collaborative Planning, Forecasting and Repeat (CPFR).

Meaning of Vendor managed inventory (VMI) & Vendor managed inventory (VMI) Definition